Sentences with phrase «debasing fiat»

Central bankers around the world are debasing fiat currencies with rounds of quantitative easing, resulting in trillions of government bonds being purchased and swapped.

Not exact matches

Furthermore, one can see the surges in bank credit accompanying these periods and tie them to specific policy moves by the authorities: The Treasury stimulated inflation in the early 1900s; the Fed deliberately inflated in the roaring 1920s to take the pressure off the British pound (which had been devalued during World War I); the Roosevelt administration took the reins off inflation by debasing the gold - content of the dollar in 1933; zealous money printing in the 1960s led to the inevitable collapse of the Bretton Woods system (and complete fiat money was born); money printing continued apace with Alan Greenspan in the 1990s and, following the dot - com crash, into the 2000s.

The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.

Skycoin is setting the gold standard of the crypto economy by creating a cryptocurrency that is not prone to the speculation and inflation that debases crypto and fiat currencies.

One of Bitcoin's greatest value propositions is its known «set in stone» monetary policy and, unlike traditional government issued fiat currencies, no person or organisation can debase the value of bitcoin by printing more money.